Kubota Co. (OTCMKTS:KUBTY) saw a significant decrease in short interest in August. As of August 31st, there was short interest totalling 11,300 shares, a decrease of 57.7% from the August 15th total of 26,700 shares. Based on an average daily trading volume, of 36,200 shares, the days-to-cover ratio is currently 0.3 days.
KUBTY has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Kubota from a “buy” rating to a “hold” rating in a research note on Saturday, August 7th. JPMorgan Chase & Co. downgraded Kubota from an “overweight” rating to a “neutral” rating in a report on Wednesday, June 9th. Nomura downgraded Kubota from a “buy” rating to a “neutral” rating in a report on Monday, June 14th. Finally, Jefferies Financial Group upgraded Kubota from a “hold” rating to a “buy” rating in a report on Monday, June 14th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $117.00.
Shares of KUBTY traded down $1.31 during trading hours on Friday, reaching $113.77. The company’s stock had a trading volume of 23,179 shares, compared to its average volume of 20,301. The firm has a market cap of $27.49 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 1.12 and a beta of 0.95. Kubota has a 1-year low of $86.31 and a 1-year high of $125.81. The company has a quick ratio of 1.23, a current ratio of 1.60 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $105.01 and a two-hundred day moving average of $110.19.
Kubota Corp. engages in the manufacture and sale of agricultural and construction machinery equipment. It operates through the following segments: Machinery, Water and Environment, and Others. The Machinery segment includes agricultural and construction machinery, engines, and agricultural products. The Water and Environment segment provides environmental-related products and pipe-related products such as ductile iron pipes, plastic pipes, valves, and pumps.
See Also: What are high-yield dividend stocks?
Receive News & Ratings for Kubota Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kubota and related companies with MarketBeat.com's FREE daily email newsletter.